Neptune Is Said to Consider Merger With Rival Harbour Energy

Neptune Is Said to Consider Merger With Rival Harbour Energy

(Bloomberg) -- Neptune Energy Group Ltd., the private equity-backed explorer, is considering options including a merger with Harbour Energy Plc that could create one of Europe’s largest independent oil and gas companies, people familiar with the matter said.

Neptune, part-owned by Carlyle Group Inc. and CVC Capital Partners, is working with an adviser as it studies a potential combination with London-listed Harbour, according to the people. Any deal could value the combined business at $10 billion or more, the people said, asking not to be identified as the information is private.